itc limited tobacco Reserve Why It's Hard to Break

Why It's Hard to Break Into ITC's Cigarette Fortress Shares of tobacco companies fell sharply in trade on January 1 after the government imposed higher excise duty on cigarettes, triggering heavy selling across the sector. ITC shares dropped over 10% to Itc tobacco: ITC expects to sell more than Rs 2k cr worth raw tobacco to BAT in FY24 The Economic Times British American Tobacco sells 2.5 per cent stake in ITC for Rs 12,927 crore Telangana Today India's ITC profit rises on cigarettes business growth, rural market strength Reuters

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